A. The fixed overhead that is deferred in inventories totals $60,000.
Unit product cost
Year 1
Year 2
Direct materials
$12
$12
Direct labor
$5
$5
Variable manufacturing overhead
$5
$5
Fixed overhead
$48
$36
($432,000 ÷ 9,000)
($432,000 ÷ 12,000)
unit product cost
$70
$58
Fixed overhead deferred (1,000 × $48)
$48,000
Fixed overhead released
-$48,000
Fixed overhead deferred (3,000 × $36)
$108,000
Net
$48,000
$60,000.
The fixed overhead deferred in inventories amounts to $60,000.
Answer:
Explanation:
The statement of stockholders' equity comprises common stock along with retained earnings. The final figures presented in the attached spreadsheet have been updated.
The Final balance of retained earnings = Initial balance of retained earnings + net income - dividends disbursed
Additionally, the Final balance of common stock = Initial balance of common stock + stock issued
The stockholders' equity statement for the end of the year on December 31, 20Y7 is included in the spreadsheet. See the attachment below:
Answer:
This is not a valid justification for participating in unethical activities.
Explanation:
Maintaining scientific integrity and preventing professional misconduct is a shared responsibility for scientists and engineers alike. All professionals, including engineers, must remain faithful to the ethical standards their profession requires. Engineering is a critical and learned discipline, and its members are obliged to demonstrate the utmost levels of honesty and ethical conduct. Engineers are required to uphold standards that reflect the highest ethical principles.
Every engineer should be well-acquainted with their profession's code of ethics and comply with it, as well as report any unethical professionals instead of making excuses for unethical behaviors.
The notion of responsible conduct highlights ethical decision-making, obligations, and adherence to professional norms and values. Every engineer and other professionals should acknowledge all aspects of responsible conduct mandated by their occupations.
Answer:
a. $37,560
Explanation:
The ending cash balance of $40,000 = Cash at start of month $52,000 + cash inflows during June of $532,160 - cash outflows of $581,720 + New borrowing
⇔ $40,000 = $2,440 + new borrowing
⇔ New borrowing becomes $40,000 - $2,440 = $37,560
To maintain a cash balance of $40,000, Skot must borrow $37,560 starting with $52,000.
Explanation:
Imagine being stuck in a long queue at checkout when you’re meant to deliver a parcel between 5 PM and 6 PM. In this case, you would inform the recipient by text about the delay, explaining the situation and providing a new time frame. An example message might be:
Hi Sir/Madam,
This is abc from xyz company. Your parcel was scheduled to arrive between 5 PM and 6 PM, but due to unforeseen circumstances, there will be a slight delay. We expect your parcel to be delivered within the next hour.
We appreciate your patience and apologize for the inconvenience.
Best Regards.
